New owners renovating Sherwood Village shopping center
The Sherwood Village shopping center at 42nd Street and Dixie Boulevard will undergo major renovations at the beginning of 2019.
Gordon Partners, a Houston based commercial real estate development and management company, acquired the 70,000 square foot shopping center as their 15th property. They are looking to break ground in January and afterward complete exterior projects in about four months. Gordon Partners said lighting and security upgrades are also planned for the area.
“We feel like it is an old, kind of neglected center in a great part of Odessa,” Matt Gordon, president and project manager of Gordon Partners, said.
The company owns, operates and manages one million square feet of retail shopping centers throughout the state of Texas including the Midland Cornerstone Shopping Center, their website states.
He said that the company’s transformation of the Midland shopping center drastically changed the success and revenues of all of the tenants there. Gordon said that he hopes to modernize the Sherwood center and focus on attracting a good tenant mix since a lot of the center is vacant.
“By filling the shopping center with new tenants, it’s going to help the existing tenants by bringing some new energy and maybe people that don’t frequent that center will come there because of a new tenant we bring in,” Gordon said.
O’Reilly Auto Parts merchandiser Gaylene Post said she agrees that the area needs a renovation to increase traffic.
“I think that more people would be inclined to stop in if it looked more modern because right now it looks really rundown,” Post said. “Everyone here at the store is really excited about it.”
Shay Black, a barista at Boomtown Babes Espresso, said she feels like all of Odessa looks like it needs some TLC. Her only hesitation with the renovation plans was concern for communication between the property owners and the businesses.
“As long as it betters the center and each company is aware, I’ll support it,” Black said.
Gordon said that the majority of the construction will be on the facade, creating a more visible and cleaner looking sign band and some architectural details that will not require the existing tenants to close.
“What we expect is a great amenity to the area when we’re complete for a very long time,” Gordon said. “It’s a blip of an inconvenience for a long term amenity,” Gordon said.
Other customers at the Sherwood Village Dollar General agreed that many areas such as the shopping center have looked the same for many years, but they said any updates to the area are called for.
“They need to do it, make Odessa look prettier or something, because everything is falling apart,” Odessa resident Heather Henderson said.